HOOD vs SOFI: Correlation
Measured on weekly returns over the past three years, Robinhood Markets (HOOD) and SoFi Technologies, Inc. (SOFI) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOOD and SOFI?
On 3 years of weekly data the HOOD/SOFI correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 2621.8 %².
Few assets follow HOOD as closely as SOFI, which ranks #3 of 39 tracked partners. The last year tells two different stories: HOOD led by 29.8 percentage points, +6.6% for HOOD against -23.2% for SOFI.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HOOD vs SOFI: side by side
| HOOD (Robinhood Markets) | SOFI (SoFi Technologies, Inc.) | |
|---|---|---|
| 1-year return | +6.6% | -23.2% |
| 5-year return | +151.5% | +35.2% |
| Volatility (ann.) | 71.4% | 56.2% |
| Beta vs S&P 500 | 2.88 | 2.40 |
| Max drawdown (3Y) | -57.3% | -53.0% |
| Market cap | $98.7B | $24.8B |
| P/E (trailing) | 48.1 | 38.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HOOD | SOFI |
|---|---|---|
| 2022 | -54.2% | -70.8% |
| 2023 | +56.5% | +115.8% |
| 2024 | +192.5% | +54.8% |
| 2025 | +203.5% | +70.0% |
| 2026 | -3.0% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOOD and SOFI good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HOOD and SOFI?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.73 over the last year and 0.59 over 5 years.
Is SOFI a good diversifier for HOOD?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hood-vs-sofi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hood-vs-sofi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOOD correlations · SOFI correlations
